Economy/Finance | World Casino News

Star Entertainment Selling Interest in Brisbane Casino Property for $45.47 Million

September 6, 2024

Casino Sales, Latest Casino and Gambling News, Casino Destinations, Australia, Casino News, Gaming Industry News, Economy/Finance

Star Entertainment Group, the casino operator embroiled in regulatory scrutiny, has announced the sale of its iconic Treasury Brisbane Casino building in Queensland for A$67.5 million ($45.47 million). This str...

Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club

Vanja Mitic

September 6, 2024

Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Financial Press Releases

The Hong Kong Jockey Club (HKJC) has reported a notable drop in income for the fiscal year ending 30 June 2024, totaling HK$14.8 billion (US$1.90 billion), a 10.5% decrease from the previous year. This decline ...

Thailand Advances Towards Legalizing Casino Gambling

Vanja Mitic

September 5, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Thailand

Amid ongoing debates and shifting perspectives on gambling, Thailand’s newly formed government is making significant strides toward legalizing casino operations within a proposed mega entertainment complex. Thi...

Tribal Casinos Achieve Record Revenue of $41.9 Billion Despite Tightening Profit Margins in 2023

Johnny K.

September 5, 2024

Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News

Wipfli LLP has just released its 26th Annual Indian Gaming Cost of Doing Business Report for 2024, shedding light on the financial state of tribal gaming across the U.S. According to the report, tribal casinos ...

Kangwon Land Expands Casino Operations with More Gaming Tables and Increased Betting Limits

Johnny K.

September 5, 2024

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino expansion projects, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, South Korea

Kangwon Land, South Korea’s only casino that permits locals to gamble, has received approval from the Ministry of Culture, Sports, and Tourism for a significant expansion of its gaming facilities. The announcem...

Tax Relief for Star Entertainment Amidst Opening of $3.6 Billion Queen’s Wharf Precinct

Johnny K.

September 4, 2024

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Fines, Lawsuits & Litigation

Just days after the grand unveiling of the $3.6 billion Queen's Wharf precinct, Star Entertainment is seeking urgent financial relief to keep the expansive project operational. The Queensland government is curr...

Macau Streamlines FX Operations in Casinos for Enhanced Efficiency

Vanja Mitic

September 3, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Macau

In an effort to streamline operations and improve administrative efficiency, Macau's financial regulator has introduced a series of updates to the authorization process for foreign exchange (FX) services within...

Macau’s Casino Revenue Surges in August, Edging Closer to Pre-Pandemic Figures

Vanja Mitic

September 2, 2024

Latest Casino and Gambling News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Macau, Financial Press Releases

In a significant rebound for the gaming industry, Macau's casinos have reported an impressive increase in gross gaming revenues (GGR) for August. The Gaming Inspection and Coordination Bureau (DICJ) provided fi...

Star Entertainment’s Trading Suspension Amid Financial Delays and Regulatory Concerns

Johnny K.

September 2, 2024

Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Fines, Lawsuits & Litigation

Shares of Star Entertainment Group have been temporarily suspended from trading on the Australian Securities Exchange (ASX) as the company failed to meet the deadline for submitting its annual financial results...

Grand Korea Leisure Reports Stellar Casino Revenue Growth in August; Up 114.7% From July

Vanja Mitic

September 2, 2024

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Financial Press Releases, South Korea

Grand Korea Leisure Co Ltd (GKL), a prominent operator of casinos designated for foreigners in South Korea, has experienced a significant uptick in its casino revenue figures for August. In a September 2 filing...

Star Entertainment Faces Uncertain Future Amid Continued Scrutiny

Johnny K.

August 31, 2024

Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Fines, Lawsuits & Litigation

Star Entertainment's future in Sydney remains uncertain as it grapples with severe critiques from consecutive investigations revealing a culture resistant to necessary ethical reforms. The New South Wales Indep...

SJM Holdings Cuts Losses by 87%, Boosts Revenue with Key Casino Upgrades

Vanja Mitic

August 30, 2024

Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases

SJM Holdings, a casino operator from Macau, has witnessed a substantial enhancement in its operational outcomes, primarily due to cost reductions in its satellite casinos and significant upgrades across its maj...

Las Vegas Strip Leads July Gaming Revenue Decline as Nevada Dips 15%

Vanja Mitic

August 29, 2024

Latest Casino and Gambling News, U.S.A., Las Vegas, Casino Destinations, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases

July 2024 witnessed a 15% decrease in gaming win on the Las Vegas Strip, marking the first state-wide decline in gaming revenue in four months, as reported by the Nevada Gaming Control Board on Wednesday, Augus...

Shin Hwa World Mitigates Losses with Strategic Revenue Growth in H1 2024

Vanja Mitic

August 29, 2024

Latest Casino and Gambling News, Casino Destinations, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, South Korea

In a robust turn of financial strategy, Shin Hwa World, a major integrated resort operator based in South Korea, has effectively mitigated its losses for the first half of 2024 by nearly 32%. This financial imp...

Sands China Leads in Macau’s Gaming Market for Q2

Vanja Mitic

August 28, 2024

Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

Sands China Ltd emerged as a leader in Macau’s casino industry for the second quarter, leading in mass-market and VIP gross gaming revenue (GGR) as well as hold-adjusted earnings before interest, taxation, depr...

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Star Entertainment Selling Interest in Brisbane Casino Property for $45.47 Million

Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club

Thailand Advances Towards Legalizing Casino Gambling

Tribal Casinos Achieve Record Revenue of $41.9 Billion Despite Tightening Profit Margins in 2023

Kangwon Land Expands Casino Operations with More Gaming Tables and Increased Betting Limits

Tax Relief for Star Entertainment Amidst Opening of $3.6 Billion Queen’s Wharf Precinct

Macau Streamlines FX Operations in Casinos for Enhanced Efficiency

Macau’s Casino Revenue Surges in August, Edging Closer to Pre-Pandemic Figures

Star Entertainment’s Trading Suspension Amid Financial Delays and Regulatory Concerns

Grand Korea Leisure Reports Stellar Casino Revenue Growth in August; Up 114.7% From July

Star Entertainment Faces Uncertain Future Amid Continued Scrutiny

SJM Holdings Cuts Losses by 87%, Boosts Revenue with Key Casino Upgrades

Las Vegas Strip Leads July Gaming Revenue Decline as Nevada Dips 15%

Shin Hwa World Mitigates Losses with Strategic Revenue Growth in H1 2024

Sands China Leads in Macau’s Gaming Market for Q2

Star Warns $400M Fine Could Trigger Collapse in AUSTRAC Junket Case

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Crypto.com Takes Nevada Gaming Regulators to Court Over Block on Sports Event Contracts

Caesars Palace Wheel of Wins Expands to Michigan and Ontario After Success in New Jersey

Osceola County Sheriff Marcos Lopez Arrested in Massive Gambling Operation Scandal in Florida